Posted on 04/05/2022 10:22:44 AM PDT by marcusmaximus
The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant to ratchet up pressure on Moscow and eat into its holdings of dollars.
Under sanctions put in place after Russia invaded Ukraine on Feb. 24, foreign currency reserves held by the Russian central bank at U.S. financial institutions were frozen.
But the Treasury Department had been allowing the Russian government to use those funds to make coupon payments on dollar-denominated sovereign debt on a case-by-case basis.
On Monday, as the largest of the payments came due, including a $552.4 million principal payment on a maturing bond, the U.S. government decided to cut off Moscow's access to the frozen funds, according to a U.S. Treasury spokesperson.
An $84 million coupon payment was also due on Monday on a 2042 sovereign dollar bond .
The move was meant to force Moscow to make the difficult decision of whether it would use dollars that it has access to for payments on its debt or for other purposes, including supporting its war effort, the spokesperson said.
Russia faces a historic default if it chooses to not do so.
"Russia must choose between draining remaining valuable dollar reserves or new revenue coming in, or default," the spokesperson said.
JPMorgan Chase & Co (JPM.N), which had been processing payments as a correspondent bank so far, was stopped by the Treasury, a source familiar with the matter said.
(Excerpt) Read more at reuters.com ...
Yes.
The sooner Zelensky leaves his stage the better off the world will be.
Go Russia says the cheerleader. /s
Cheap Sony televisions, Toyota Camrys, a docile trading partner where we store a large portion of our military to guard against other Asiatic threats, and an army of Japanese students eager to pay full price to attend our universities?
I mean, they also gave us dumb sh!t like pokemon.....but there has to be some downside.
/sarc
Well, on the bright side, when the US devolution to totalitarianism is complete, it’ll cut down on the illegal immigration.
Buzz off, brown shirt.
You’ve served your educational purpose.
You told your truths to me for all to see
I responded with mine..
Out in the open.
History anyone can look up.
Yeah, you’ve been on that “your truth” business for a couple days.
Truth IS.
It ain’t yours, it ain’t mine.
It’s the same for the whole world.
Thinking otherwise is some “woke” trash.
So what do you have to say about scurrying back to the Qtard thread
to talk smack about people? Like a scared bitty mouse seeking safety?
Seems like the act of a weak little ratling.
Run back to your hut and cry about the meanies outside.
Maybe mama will give you some soup.
The Chinese are panicking over this. They know they’re next.
I’ve no interest in doing this with you again.
Folks that are interested can check my posting history,
or check out this thread:
https://freerepublic.com/focus/f-bloggers/4047544/posts
or this one...
https://freerepublic.com/focus/f-chat/4045230/posts
Or they can start way back here in one of the threads Ransomnote posts:
https://freerepublic.com/focus/chat/4042476/posts?page=1769#1769
You may continue to be discussed now and then as we educate ourselves on
the tactics of those that stalk and malign us. We don’t require your presence
for that.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
This is amazingly similar to the April Glaspie situation.
So you’re a puss, running back to your clubhouse and maligning
good and honorable people like myself. We all kind of knew that.
Even though you’re a cowardly ratling, I’ve still got a gift
for you although really you only deserve an ass kicking.
This song’s for you:
“I’m Easy”
https://www.youtube.com/watch?v=9hhJ-4bQ-tY&list=RD-AXSGIzynGY&index=22
Putin DID send his Chechins!
Sadly, I must disappoint you.
Now that you have let us know your position on how we are simply obsessed
with pedophiles and sexual deviants in positions of power and authority, and
that we have not proven our case that we have one in the white house and
another running Ukraine, because you’ve seen no evidence of “boning”...
Well...
The consensus appears to be that I’ve played with you long enough.
~Easy
And Chechins are also fighting with Ukraines army.
You’re delusional.
Making up fantasy Qtard crap gets you some jollies.
I’m not interested in your jollies.
Perv.
2. Al Qaeda didn't "blow up office buildings." They stole passenger jets right here in the U.S. and crashed them into the buildings. And the U.S. has done nothing since then but allow a flood of illegal immigrants to come here with little or no vetting at all. You going to take these duplicitous people seriously when they tell you anything?
Hmm.. maybe you didn’t tell us you didn’t know if Biden was a pedo because there was no evidence of boning. And how there’s nothing to be done, or something to that effect.
No, you sure did.
Is it your position now that there IS some kind of sexual deviant in the White House and another one running Ukraine? Is there still nothing to be concerned about?
(Whether or not you think we had anything to do with sharing that info...)
Or is it still all made up fantasy “Qtard” crap from a bunch of pedos that see
other pedos everywhere?
(Damn! I’m supposed to stop playing with you! LOL!)
But like the gif of Biden pleasuring himself with a little girl's hand on TV,
I've only downloaded one representative example that can be considered
shareable. If it's not enough for you, you'll have little trouble finding more.
This, and other homo-erotica pieces by Zelcreepski, became his
“Bill Clinton winning by playing the saxophone”, moment.
All very carefully and expensively orchestrated.
All part of the history that so many feverish attempts are being made to re-write.
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